It will rip your face off. When are you fuckers going to learn?
Fucking shit, crude has been spiraling up for like 5 years and shit. All of a sudden, you believe it will tank now, ending the oil crazed boom just like that?
I don’t think so, fuckface.
Like I always say, when speaking of oil, there is some grand transfer of wealth scheme taking place, from west to east, that we weren’t invited to. However, I am crashing the party anyway, getting long [[RIG]], [[PCZ]], [[ARD]] and [[FTK]] on pullbacks.
Betting against oil is equal to trying to defeat a level 100 Donkey Kong (I have no idea what a level 100 Donkey Kong is, but is sounds fierce). That fucker will just throw barrels at your dumb ass, effectively ape raping your portfolio into oblivion.
Regarding the banks:
They are bouncing. Big deal. I am not impressed.
God willing, I will be gifted another chance to bet against them, at much higher levels, much to Doug Kass’s chagrin.
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When will we not need oil?
I also think that alt. energy plays are now bullshit. Wait until the next administration comes in before investing in those bastards.
Thanks to this web site, at least I can laugh like a special needs child on popcorn night …. while my portfolio gets “ape-raped” into oblivion.
This ain’t no earl company, but JRCC is getting the anthracite rectal probe these last two days.
__
I’m no fuckface, but we could have a small sell off…no? Was oil not just at 85 p/b recently…seems like a century ago.
I agree with not betting against it. Who wants to get donkey konged 100x over…LOL
let me say the trade reversal may haver started. i believe by year end the dug and smn will be much higher.. and the finacials should rally.. but that may be short lived. the dems getting ahold of all 3 pres/cong/sen is very bad
While I’m running the show, you can bet against oil and bet with the banks.
However, don’t stay long.
Snacks:
DUG may have an outside chance of going higher. However, SMN is an instrument of the devil. It is a perfect blend of gold and ag that will leave you fucked, scratching your head, and penniless.
Might I suggest an iceberg in Brooklyn instead?
calvino buy dug and smn and sell kol. considering selling smn, as per fly.
perhaps a sell of pot and mos instead of smn?
Come On Fly … The entire fucking world is now betting “on oil”.
Hey fuckface!
What makes you think the banks are a bunch of candy ass losers yet towel heads are the brains in the outfit?
Get in line fucktard!
I have spoken.
http://www.cbsnews.com/stories/2008/06/24/eveningnews/main4206201.shtml
Fly what do you see in FTk exactly?
All the oil bulls are sounding more and more like the motherfucking realtors.
“They’re not making any more” motherfucking “land”. Remember that one?
Please listen to yourselves. Careful. when the inevitable does happen, many permaoilbulls will be gutted.
I was good at Donkey Kong. Naturally, I thought that prior success and experience would translate directly to the markets.
Holding RIG and BTU — barrels flying everywhere.
Jake,
i am probably the biggest bear here but only after we challange the highs or exceed them. that’s my opinion at the present.
in a world that has 500 – 700 trillion in derivitives and total global debt 0f 20 -30 to 1 to global gdp, i find it difficult to believe that we can grow out of the problem. in addition with us consumers accounting for 27-30% of world cosumption, i believe that if and when we have an economic problem, it will negatively impact the global economy. add to that the fact that the whole world seems to be deleveraging. imho opinion, the above situation is defalationary and not inflationary. because of the above, it amazes me how the bears of right now can be bullish on crude. in a global recession, imo, crude and gold will go down. if the whole house of cards comes tumbling down, then, maybe gold is good.
The only POT you should sell is green, has a sweet aroma, and is distributed in plastic bags.
We could see a 50% retracement of the most recent run from $180 to $240. I doubt it gets there, but I’m a buyer again at $210.
Chivas:
You’re full of shit. You’ve been bullish forever.
Go fuck an corn cob.
I am dressed and ready to accompany you into battle Mr Fly!
http://photostir.com/upload/500-aec258ef0b85fe39c665693dc22f832066cf09a6.jpg
fly,
you’re right i have been bullish and still am. you were bearish during a 1500 point rally, so what’s your fucking point. address my oil comments.
btw, how do i fuck corn cob?
Last I checked the markets are down more than 10% year to date.
In other words, “The Fly” wins again.
Chivas… you are leaving out the cause of the oil increase… the Weimerization of the dollar.
That’s why I think gold is solid, here._
We got another problem on the horizon to add
to our dog shit economy. Repo’s!!
http://www.boston.com/business/personalfinance/articles/2008/03/07/entering_the_repossession_lane/?page=1
Our subprime problem on wheels. I shit you not, subprime car lenders, people owe more on their cars than they are worth. The article is def. worth a read just for kicks.
Quote: “National Automobile Finance Association, the trade group that represents subprime lenders”
Jake,
you might be right, however, if the world goes to shit, what currency would you want to own?
Chivas,
Remnembi. Swiss francs.
Gold & silver coins. (Maple leafs)
Jake,
lol.
those were the days when banking secrecy still existed.
Might I suggest an iceberg in Brooklyn instead?
Nice family, the Icebergs. I ran into them on the way to shul at Temple Beth-el last Friday night.
_
Jake,
lmao.
i agree.